Nintendo stock falls after mixed reaction from Switch 2 announcement
Nintendo stock falls after mixed reaction from Switch 2 announcement
23 comments
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This is not big daddy N loosing a bunch of money, this is a market correction. People purchased shares 2 days ago expecting an announcement and the price has returned to normal
https://finance.yahoo.com/quote/NTDOY/?guccounter=1
The shares were at 15.56 and are now at 14.81.
It is still up 2% over the past week, 6% over the last 6 months, an 8.5% over the last year, and a whopping 51% over the last 5 years.
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Thanks for the clarification. The headline sounded fishy.
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They always do. I remember when EA shares dropped by like 3% in a day after an announcement about a game people were like " it's the end of EA". But then you look at the graph beyond a week and it was still up be several percent.
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Stocks almost always fall after such an announcement.
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So basically it's not falling because of mixed reaction, it's falling because people cashing in
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You could say it is falling because the announcement didn't meet investors expectations but we must never use that as a gauge of success.
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Aka "buy the rumor, sell the news"
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Stock "news" is stupid, the Switch 2 announcement has been expected for a year. The only news is that the company confirmed it will launch this year, which was already expected. Real news is when we start hearing what games will be available at launch (or soon after).
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Yup. If there even WAS a measurable stock value drop (too lazy to check) it was not because the switch 2 basically had a "this is the 2025 version of a phone. It is slightly different. Buy it" ad.
It was because the next major news will come in April. Which means it ain't launching until May, at the earliest. Which means all the anticipation of a shadow drop of a console (because that would somehow be a thing...) is gone and the artificially increased value of the stock has diminished.
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Will someone please think of the out-of-touch investors who do nothing but speculate and play with other people's money?
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Honestly I kinda liked the "chill" announcement. No overhyping themselves only to disappoint. Fans are plenty capable of doing that themselves.
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Only because it got leaked early, denying them the opportunity to hype anything
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It's underwhelming and there are better options, and it'll sell like crazy because people are basic.
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lol good. Fuck Nintendo
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sounds like a good time to use my mom's now unused switch and buy a used Mario Maker 2 cartridge. Been watching YouTube videos about it and kinda wanna try.
Ok so I tried to go onto the Facebook website to use Facebook marketplace to get a cartridge but apparently it got hacked somehow because it's my email, but it's not my name and it got banned in October LMAO
Id have to upload photo proof of my face, so guess I'll just keep not using Facebook.Looks like they're ~30 bucks on eBay though.
23 comments